The city of Jacksonville would provide $775 million in public funding to remake EverBank Stadium into the Jacksonville Jaguars’ “Stadium of the Future” and provide long-term maintenance for the facility under a proposed deal presented May 14 to the City Council.
The framework of the deal, which Mayor Donna Deegan’s office has been negotiating with the NFL team since August, includes a 50-50 split with the Jaguars for the estimated $1.25 billion cost of building the stadium. In addition, the city would provide $150 million for deferred maintenance and ongoing capital improvements.
That will bring the total cost for the project to $1.4 billion.